Lesson Summary. Normative economics is a subjective idea that focuses on 'what ought to be.' Normative statements are often found in the media where bloggers or journalists express opinions. By comparison, positive economics focuses on 'what is,' and utilizes testable evidence.
A. You can. Social Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.
1 If you will NOT be receiving Social Security* (for instance, because you are still working), you will need to sign up for Part A and Part B. In this case, you should contact Social Security 3 months before you turn age 65 (during your initial enrollment period).*** You can sign up any of three ways: